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The European Union mis-spent £5.7 billion (€6.7 billion) of taxpayers’ money
in 2012, the fourth time that waste has increased in each of the last four
years, according to revelations that will infuriate eurosceptics.

Denying a clean bill of health to EU accounts for the 19th year in succession, the
EU’s financial watchdog also criticised the forthcoming long-term
budget, painfully negotiated by David Cameron and other leaders, for failing
to ensure value for money.

The watchdog, the European Court of Auditors (ECA), did not go into detail
about the ways the money was mis-spent, but stated that the most serious